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In the wake of the U.S. presidential election, commercial real estate professionals are eyeing the future with some trepidation. Higher taxes, political gridlock, more regulation and the potential for further pandemic-related shutdowns are just some of the issues worrying the industry as President-elect Joe Biden stands poised to assume the presidency in January.
Bisnow surveyed 1,042 commercial real estate professionals between Nov. 10 and Nov. 13 to find out how the industry views the results of the election. The results showed the same political division, heated emotions and worries playing out in the country at large.
Respondents lobbed insults at the candidates, calling President Donald Trump “vengeful, narcissistic and self-serving” and Biden “senile, corrupt and feckless.” Respondents accused both political parties of destroying the United States and refusing to compromise.
But almost across the board, respondents said they hope the next four years can be less tense, less angry and less of a media firestorm.
“Hopefully politics can become boring again,” one respondent wrote.
Bisnow’s survey indicated growing support for Trump: Although 43% of respondents said they identify as Republican, 55% said they voted for Trump in this election, up from 50% who said they voted for him in 2016. Only 19% of survey respondents said they identify as Democrat, while 32% said they are independent and…
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